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An Industry Is Made Up of 8 Firms with the Following

Question 258

Multiple Choice

An industry is made up of 8 firms with the following percent market shares: 29, 20, 11, 10, 9, 8, 7, 6. What is the Herfindahl-Hirschman index in this industry?


A) 70
B) 100
C) 1462
D) 1692

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